Where There Are Potentially Multiple Performance Obligations Within a Single

question 60

Multiple Choice

Where there are potentially multiple performance obligations within a single contract, if products or services are interdependent and interrelated, they must be

• A) accounted for as multiple performance obligations.
• B) combined and reported as a single performance obligation.
• C) sold separately.
• D) combined under a new contract.

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Definitions:

Vacuum

In an engine, air pressure that is lower than atmospheric pressure.

Hydro-Boost

A power brake booster that uses hydraulic pressure from the power steering system to assist in braking.

Power Steering System

A system in vehicles that uses hydraulic or electric power to assist the driver in steering, reducing manual effort.

Wheel Speed Sensors

An ABS system sensor that enables the EBCM to determine wheel speed.